From left, 59 and 55 Leland Avenue in New Rochelle are two homes being auctioned off by the College of New Rochelle Nov. 16, 2016. The college is auctioning off the houses to help pay for their recently-discovered financial issues.(Photo: Frank Becerra Jr./The Journal News)

Since October when the college made public its financial woes that started an investigation and led to former President Judith Huntington stepping down, the alumni association began its mission to reach a $7 million fundraising goal by spring.

According to the college’s alumni website, more than $1 million was raised before its first benchmark, Nov. 15, and they are now working on the next $1 million, which the college hopes to have in hand by Dec. 15.

The school’s spring goal is to have an additional $5 million raised.

17 Hemlock Place, New Rochelle, NY.(Photo: Submitted by Madison Hawk)

The college owes at least $31 million, according to the preliminary findings of an ongoing probe — including $20 million in unpaid payroll taxes dating back to 2014.

Ron Eagar, whom the college named chief restructuring officer, said the sales of the homes would help strengthen the private Catholic institution’s financial footing.

“These are non-core assets of the College and we’d rather sell these properties to a user or developer than keep them on our balance sheet at this time,” he said in a statement.

From left, 59 and 55 Leland Avenue in New Rochelle are two homes being auctioned off by the College of New Rochelle Nov. 16, 2016. The college is auctioning off the houses to help pay for their recently-discovered financial issues.(Photo: Frank Becerra Jr./The Journal News)

The auction will take place at 7 p.m, Dec. 14, at the Hilton Westchester, Rye Brook.